Institutional Investor (July 18)
“Private equity investors have little to fear from a recession, as the best returns come after these periods.” A recent report by Bain Consulting shows, for example, that “following the bursting of the dot-com bubble, buyout funds generated a median IRR of 25 percent in 2001, 40 percent in 2002, and 47 percent in 2003. In 2009, after the Global Financial Crisis, they posted a 24 percent IRR.” In the near future, however, “private equity firms still face a bumpy road ahead, despite the potentially short duration of the market downturn.”
Tags: Bain Consulting, Bumpy, Buyout funds, Dot-com bubble, Fear, Investors, IRR, Market downturn, Private equity, Recession, Returns
Washington Post (February 26)
We will soon find out whether a global crisis can “unite the planet and encourage everyone to pull together…. This outbreak is manageable with good medicine, good information and global cooperation. But it’s going to be a bumpy ride for a while.”
Tags: Bumpy, Cooperation, Global crisis, Information, Manageable, Medicine, Outbreak, Planet, Unite